Published 11 Jun 2022
First Quarter Report of Sea Freight
We know that the first quarters of the maritime sector are more stagnant than the last quarter's data. Generally, last quarter data is more intense and higher numbers emerge towards the end of the year. This intensity in the last quarter continues until important days in the Western world such as Easter and Christmas. Maritime statistics have been announced and the first quarter report card has been announced. Let's take a look:
The War-Branded Container Crisis
According to the data of the General Directorate of Maritime Transport, there was an increase of 4.6% in containers this year, just like last year. However, there are stagnations in container dumps and transit increases in general. Although there is an increase in general, it is obvious that there was a decrease in March and this was especially reflected in the container. Experts say that containers do not like war, they want an orderly economic ecosystem, but the war in Ukraine does not allow it. They say that Ukraine is one of the most important sources of cargo in the Black Sea. Thus, it is understood that the effects of the war in Ukraine manifest themselves in sea freight, especially in Black Sea freight. Containers on the Russia-China route have been radically affected by this. It seems that there is an ongoing increase in these freights. They hope that this situation regarding the container will be balanced with the increasing demands from the West during the Easter period, namely the last quarter rationing.
Waits Increased at Ports
Apart from the war, there are ports that were closed due to the pandemic and still have not fully recovered today. Shanghai Port is one of them, perhaps the most important because this port has some unique logistics statistics. There are containers that have to wait in such big ports. For example, waiting times have increased at the Shanghai Port these days. According to experts, this has a direct connection with the drops in the report card.
The Chinese Market Loses Confidence With The Pandemic Process
With the pandemic, the cards were almost redistributed in trade and logistics. Confidence in the supply chain in general also seems to be damaged. Investors do not trust the Chinese market and do not prefer long-term contracts with China. This also causes the figures in trade to decrease, which is currently below 12 thousand.